
Acton Capital holds Fund VI first close, expands investment team
Munich-headquartered venture capital firm Acton Capital has held a first close for Acton VI, alongside the hiring of Sophie Ahrens-Gruber in its Munich office and the appointment of Hannes Blum as a partner in its Vancouver office.
A spokesperson for Acton Capital told Unquote that the fund held a first close in May 2022 and expects to hold a final close in autumn 2022. The spokesperson declined to disclose the target but said that it was above that of Acton V which held a final close in November 2019 on USD 215m.
Ahrens-Gruber was formerly the head of the corporate business development and corporate responsibility units at Hubert Burda Media. She is also a longstanding LP with Acton Capital, according to a statement.
Blum will lead the VC's investments in Canada and the US. He was formerly the CEO of AbeBooks and a VP at Amazon. He joined the firm in 2015.
Founded in 1999, Acton Capital invests in European startups with technology-enabled business models, deploying equity tickets of EUR 5m-10m.
The VC's investments to date include Berlin-headquartered on-demand staffing platform developer Zenjob and Cologne-based cybersecurity training service SoSafe. The VC previously held a stake in online education platform Sofatutor, which was acquired by Emeram Capital Partners and Gimv in March 2021.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds